NetworkNewsBreaks – Knightscope, Inc. (NASDAQ: K
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Posted On: 07/26/2023 4:48:26 PM
NetworkNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) Announces Regained Compliance with Nasdaq Listing Standards
Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots (“ASRs”) and blue light emergency communication systems, announced that it has regained full compliance with Nasdaq’s listing standards. On May 11, 2023, Knightscope received notification that its Class A common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days. Nasdaq has since determined that for the last 10 consecutive business days, from July 11 to July 24, 2023, the closing bid price of the company’s Class A common stock has been at $1.00 per share or greater.
The announcement reads, “Accordingly, the company has regained compliance with Listing Rule 5450(a)(1). As announced last week, Knightscope also complied with Nasdaq Listing Rule 5450(b)(2)(A) with the company’s market value of listed securities maintaining $50,000,000 or greater. Achieving both listing standards places Knightscope in good standing with Nasdaq and both matters are now closed.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots (“ASRs”) and blue light emergency communication systems, announced that it has regained full compliance with Nasdaq’s listing standards. On May 11, 2023, Knightscope received notification that its Class A common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days. Nasdaq has since determined that for the last 10 consecutive business days, from July 11 to July 24, 2023, the closing bid price of the company’s Class A common stock has been at $1.00 per share or greater.
The announcement reads, “Accordingly, the company has regained compliance with Listing Rule 5450(a)(1). As announced last week, Knightscope also complied with Nasdaq Listing Rule 5450(b)(2)(A) with the company’s market value of listed securities maintaining $50,000,000 or greater. Achieving both listing standards places Knightscope in good standing with Nasdaq and both matters are now closed.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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